Mohit Ralhan, Managing Partner & CIO of TIW Private Equity, talks to Investor’s Mag about the recent roadshow organized in Mauritius and the challenges facing equity and bond markets.
Featured in Investor’s Mag, 22nd Edition, Oct 22 – Dec 22
Can you give you a brief description of TIW Capital Group?
TIW Capital Group (TCG), with offices in Singapore, India and UAE, is a Global Asset Management company with business interest in Buyout / Private Equity, Fixed Return Income Funds, New Technology / Quant Investments, Consulting, Single Family Office Management, Family Governance and Intergenerational Wealth Transfer. TCG is proud to serve investors across 27 countries. Between them, the professionals constituting the team have multiple decades of Buyout and Fixed Returns Investments along with operating and industry experience. Currently, we are managing an AUM of SGD 225 million deployed in our multi-Asset and multi–Geography Buyout and Fixed Return Funds. TCG recently received two Awards in the Global Brands Awards 2021 by Global Brands Magazine, UK in the categories of “Most Innovative Private Equity Buyout Fund” and “Excellence in Sustainable Turnaround Investments”. TCG’s India Buyout Fund recently received an award from the Business Fame Magazine as “The Most Innovative Buyout PE Fund of 2022 Focusing on Margin Expansion Strategy in Portfolio Management”.
Why has TIW Capital Group chosen Mauritius for the recent roadshow?
TIW has a significant partner network in Mauritius, and our Global Funds have always been domiciled in Mauritius regulated by FSC. We have been extremely happy with Mauritius’s regulatory structure, which is a perfect blend of prudency and flexibility. We have a close connection with Mauritius and the team has served investors across the globe through Mauritius for close to two decades now in various capacities. We have worked closely with local firms in Mauritius and have been quite aware of the potential of Mauritius as an investment hub. We recently launched a new absolute return product for our investors and believe that it has the right product contours to fit into portfolio design of both HNIs and institutional investors and therefore, the timing of our recent roadshow in Mauritius looked perfect to us.
How is TIW Capital Group navigating volatility in its investment portfolio?
The current environment looks more complex compared to the previous pre-recession environments since a pandemic, an extremely challenging geopolitical scenario, supply disruptions, labour shortages and higher wage hikes leading to persistently high inflation are all coming together. The central banks around the world are playing catch up with high levels of inflation and history has shown us that policy actions of central banks in complex environments more often than not lead to severe unintended consequences. This has certainly increased risk in the current portfolio of investors. Therefore, we believe that an Absolute Return Product is the need of the hour. TIW manages the volatility by building a multi-asset, multi-geography portfolio deploying a global dynamic allocation. Our multiple decades of fund management experience across several asset classes, quant-based investments and operating consulting coupled with our deep understanding of global macroeconomy and interplay of assets have come into play to devise an investment framework that generates absolute return for our investors irrespective of macroeconomic scenario. This is investment product innovation that TIW Capital Group is known for, and we will continue to focus our energies to remain ahead of the curve in the future as well.
What are the main challenges you are facing?
As an investment professional, it’s a challenge and our competitive edge to make sense of the fast-evolving macroeconomic scenario. We strive to face this challenge every day and come out as winners.
What are the trending sectors?
Our Absolute Return Fund is sector agnostic and focuses on macroeconomic themes and investment styles. In our Buyout and Private Equity Funds, we focus on five core sectors – Financial Services, Real Estate, Internet Business, Consumers and Technology which is TIW’s “FRICT” strategy of creating positive friction to generate alpha returns for our investors.
What should we expect for the rest of 2022?
It will continue to be a complex puzzle, with central banks across the world trying to find the right balance between inflation and economic growth. As far as equity and bond markets are concerned, we expect it to be volatile with a downward bias. We expect the bond portfolio of investors to remain under pressure, and therefore, an Absolute Return Product can be a right fit to become part of their fixed income/bond portfolio.